Hanwha, Hyundai Heavy scions to compete in shipbuilding industry
Hanwha Solutions Vice Chairman Kim Dong-kwan and HD Hyundai CEO Chung Ki-sun, who are well-known for their friendship, are set to compete in the global shipbuilding market, according to industry officials, Wednesday. So far, Hanwha has not competed in any industry with HD Hyundai, which owns Korea's largest shipbuilder Hyundai Heavy Industries and several other smaller shipyards. But Hanwha's recent acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) changes all that.
Source: koreatimes.co.kr
